Lear Corp. (LEA) Tops Q1 EPS by 78c, Offers FY Guidance

Lear Corp. (NYSE: LEA) reported Q1 EPS of $3.73, $0.78 better than the analyst estimate of $2.95. Revenue for the quarter came in at $5.4 billion versus the consensus estimate of $4.89 billion.

GUIDANCE:

Lear Corp. sees FY2021 revenue of $20.35-21.5 billion, versus the consensus of $20.42 billion.

• Core Operating Earnings $1,140 - $1,310 million
• Adjusted EBITDA $1,700 - $1,870 million
• Restructuring Costs ≈$100 million
• Capital Spending ≈$625 million
• Free Cash Flow $550 - $700 million

For earnings history and earnings-related data on Lear Corp. (LEA) click here.

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